FOMC holds rates steady, again

The Federal Open Market Committee announced that it will keep the target range for the federal funds rate at 4.25%- 4.5%.

Despite pressure from President Trump for the Fed to lower rates, the FOMC voted unanimously to maintain the rates.

“Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace.”

Read more of the FOMC’s statement on the decision here.